The Following Distribution Is Not a Probability Distribution Because

question 3

Multiple Choice

The following distribution is not a probability distribution because

• A) values of the variable are negative.
• B) a probability is negative.
• C) the probability values do not add to 1.
• D) the probability values are not discrete.

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Definitions:

Units-Of-Production Method

A depreciation method that allocates expenses based on the actual usage or production levels of an asset over its useful life.

Scrap Value

An asset's anticipated resale value once it has surpassed its period of utility.

Straight-Line Method

A method of calculating depreciation of an asset by evenly distributing its cost over the useful life of the asset.

Scrap Value

The estimated resale value of an asset at the end of its useful life, typically considered as salvage value.